Blocker Company Reported a Net Loss of $5,000 for the Year

question 120

Multiple Choice

Blocker Company reported a net loss of $5,000 for the year ended December 31, 2013.During the year, accounts receivable increased $14,000, merchandise inventory decreased $10,000, accounts payable decreased by $20,000, and depreciation expense of $10,000 was recorded.During 2013, operating activities

• A)used net cash of $19,000.
• B)used net cash of $27,000.
• C)provided net cash of $27,000.
• D)provided net cash of $17,000.

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Definitions:

Antidepressants

Medications designed to alleviate symptoms of depression by adjusting chemical imbalances of neurotransmitters in the brain.

ECT

Electroconvulsive Therapy, a psychiatric treatment in which seizures are electrically induced in patients to provide relief from mental disorders.

Clinical Psychologist

A professional specializing in diagnosing and treating mental health disorders, emotional disturbances, and dysfunctional behavior through various therapeutic methods.

Selective Serotonin Reuptake Inhibitor

A group of medications often prescribed for depression that function by augmenting the amount of serotonin in the brain.